The Labor Department announced that the U.S. economy added 151,000 jobs in January, missing expectations for an increase of 190,000. The economy created 262,000 jobs in December, whose figure was revised from a previously estimated 292,000 gain.
The U.S. unemployment rate ticked down to 4.9% last month from 5.0% in December. Analysts had expected the unemployment rate to remain unchanged in January.
The report also showed that average hourly earnings rose 0.5% in January, compared to expectations for a 0.3% gain, after a flat reading in December.
But the dollar remained under pressure after New York Federal Reserve President William Dudley said on Wednesday that the weakening outlook for the global economy and any further strengthening of the dollar could have "significant consequences" for the health of the U.S. economy.
Elsewhere, the dollar was steady against the Japanese yen at 116.81.
The single slipped 0.25% against the dollar, with EUR/USD to trade at 1.1185. This action came as a result of the German factory data release today, that showed that orders fell by 0.7% in December, missing expectations for a fall of 0.5%, after a 1.5% increase the previous month.
The Sterling pound was lower against the dollar, with GBP/USD down 0.40% at 1.4527.
Greenback felt against the Swiss franc, with USD/CHF edging down 0.12% to 0.9918.
The Australian and New Zealand dollars were weaker, with AUD/USD down 0.33% at 0.7176 and with NZD/USD sliding 0.30% to 0.6705.
Meanwhile, USD/CAD was little changed at 1.3745, after data showed that the number of employed people in Canada fell by 5,700 in January, disappointing expectations for an increase of 5,500 and after a revised 1,300 gain the previous month. Canada’s unemployment rate ticked up to 7.2% last month from 7.1% in December, compared to expectations for an unchanged reading.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.19% at 96.68, off the previous session’s three-and-a-half month low of 96.27.